UK firm Quilter Cheviot launches Sharia compliant investment service
The multi-billion dollar investment manager is targeting high wealth individuals and sees further opportunities in developing more Islamic services.
London: Quilter Cheviot, an arm of UK-based multibillion dollar investment manager Quilter, has launched a new Sharia compliant wealth management product for high-net-worth individuals and institutional clients.
The new Sharia compliant discretionary investment service will offer portfolios to private clients and institutional investors with a minimum of $1 million of available capital. These portfolios will consist of a broad spread of global equities and can be held within a range of structures including trusts, companies, foundations, pensions and portfolio bonds.
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